For what kind of preferences will the consumer be just as well-off facing a quantity tax as an income tax?
A: Qusilinear utility function
B: Cobb-Douglas utility function
C: perfect substitutes
D: perfect complements
A: Qusilinear utility function
B: Cobb-Douglas utility function
C: perfect substitutes
D: perfect complements
举一反三
- The equivalent variation in income from a tax is the amount of extra income that a consumer would need in order to be as well off after the tax is imposed as he was originally.
- The utility function curve is convexed upwards, indicating that as<br/>the consumption of a certain commodity increases ( ) A: Increased marginal utility B: Increase in total utility C: Diminishing marginal utility D: Increase in average utility
- The equivalent variation in income from a tax is the amount of extra income that a consumerwould need in order to be as well off after the tax is imposed as he was originally. A: 正确 B: 错误
- Please use the utility function to explain what is risk aversion, risk preference and risk neutrality.
- If a cup of coffee(c) and a cup of tea(t) always provide the same utility for Anne, her utility function could be written as U=min{t, c}.